EX-12 3 c65159_ex12.htm

EXHIBIT 12

HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended
March 31, 2011
(Dollars in millions)

 

 

 

 

 

Determination of Earnings:

 

 

 

 

Income before taxes

 

$

975

 

Add (Deduct):

 

 

 

 

Amortization of capitalized interest

 

 

5

 

Fixed charges

 

 

115

 

Equity income, net of distributions

 

 

(9

)

 

 

 

Total earnings, as defined

 

$

1,086

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

Rents(a)

 

$

16

 

Interest and other financial charges

 

 

99

 

 

 

 

 

 

 

115

 

Capitalized interest

 

 

3

 

 

 

 

Total fixed charges

 

$

118

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

9.20

 

 

 

 

(a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.